Posts Tagged ‘Diesel fuel’
Gas Prices to Return to Near $3 Per Gallon by Summer
Monday, November 30th, 2009
The Energy Information Administration (EIA) predicts that gas prices will reach an average of $2.81 per gallon in 2010 and will climb to nearly $3 per gallon next summer.
“Higher crude oil prices throughout the forecast period” will contribute to the increase, say EIA officials. The average price of gas in 2009 is expected to be $2.36 per gallon.
“Projected annual average diesel fuel retail prices are $2.48 and $2.94 per gallon, respectively, in 2009 and 2010,” according to the EIA.
With an increase in fuel prices on the horizon, it is important to make sure your fleet is running at maximum fuel efficiency. Here are a few simple tips to make sure you are getting your money’s worth at the pump:
- Keep your engine properly tuned. Regular maintenance will save you a bundle in the long run.
- Keep all vehicles’ tires inflated to the manufacturer-recommended pressure.
- Use the correct grades of motor oil and gasoline to ensure optimal performance for each vehicle.
- Drive sensibly and observe posted speed limits.
Photo courtesy of Tortuga One under the Creative Commons License.
Tags: Diesel fuel, EIA, energy information administration, fleet, fleet management, fuel efficiency, gas, gas prices
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Diesel Prices to Average $2.46
Wednesday, August 19th, 2009
The US Department of Energy has released their latest forecast for diesel prices over the next year. The average price this year is expected to level off at $2.46 per gallon, as was included in last month’s forecast. The prediction of prices in 2010, however, has risen 5 cents to an average of $2.84 per gallon.
Diesel prices should remain relatively low in the United States for the next few months before seeing a rise toward the end of the year. Prices are not expected to rise to the point of 2008’s average of $3.80 per gallon. Last year saw the highest diesel price in history, with one gallon of fuel costing $4.76.
The current average price of diesel stands at $2.62, slightly higher than gasoline which is expected to average at $2.34.
With fuel costs a constant cause of concern for the small business fleet, utilizing efficient fuel practices is important regardless of the price of fuel. For information on how to maximize your fleet’s fuel efficiency, click here
Photo courtesy of futureatlas.com under the Creative Commons License.
Tags: business fleets, Diesel fuel, fleet efficiency, fuel efficiency, fuel prices, US Department of Energy
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Average Gallon of Gas $2.12, Diesel $2.26 in 2009
Thursday, May 21st, 2009
If you don’t have a fleet card to lock in a rate or prevent unauthorized purchases, it can be difficult to manage, let alone predict, your fuel expenses. But having a good idea of what you’ll spend on gas this year helps.
The Department of Energy said the national average price for regular gasoline at the end of 2009 will be $2.12 per gallon, according to a story from businessfleet.com.
Diesel fuel will average $2.26 a gallon this year and rise to an average $2.48 in 2010. Gas prices will rise to $2.30 avg. per gallon in 2010, 12 cents under the previous forecast, while diesel fuel will rise to an average $2.48 per gallon next year.
For today’s average gas price in your city, click here.
As we mentioned above, a fleet card can better control your fuel costs while saving you cash along the way. If you don’t have one and would like to know more, visit fleetcardsusa.com.
To read the entire article click here
Photo copyright of Alberto.. under the Creative Commons License
Tags: avergae gas price, businessfleet.com, department of energy, Diesel fuel, fleet card, fleetcardsusa, gas, gas prices
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